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Business Developments & Projects

Astomos, Inpex in Middle East’s 1st ever VLGC biofuel bunkering

Japanese LPG trader and importer Astomos Energy Corporation and compatriot energy company Inpex Corporation have completed the supply of B24 biofuel bunker to a Very Large Gas Carrier (VLGC) chartered by Astomos. The endeavor marks the first-ever biofuel supply to a VLGC in the Middle East. Biofuels

about 3 years ago

Business Developments & Projects

Eni and Vår Energi paying $4.9 billion for Neptune’s entire oil & gas portfolio, bar German business

Eni and Vår Energi will acquire Neptune’s entire portfolio, aside from its business in Germany, for an aggregate enterprise value of $4.9 billion.

11 minutes read

Business Developments & Projects

Oman sees signing of two new green hydrogen project agreements

Hydrom, a subsidiary of Energy Development Oman SAOC (EDO), has entered two new agreements awarding green hydrogen projects in Oman. The agreements were signed with the winning bidders of round 1 of the Oman green hydrogen auction process during an event organised by Hydrom. This auction process pro

about 3 years ago

Business Developments & Projects

QatarEnergy and China bolster LNG ties with new deals

State-owned oil and gas giant QatarEnergy has signed definitive agreements with China National Petroleum Corporation (CNPC) for the long-term supply of LNG to China and partnership in the North Field East (NFE) LNG expansion project. The LNG sales and purchase agreement (SPA) between the two parties

about 3 years ago

Business Developments & Projects

ADNOC L&S welcomes its first LNG dual-fuel VLCC

UAE’s ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has taken delivery of a newbuild LNG dual-fuel very large crude carrier (VLCC). The vessel named Hafeet was built by Hanwha Ocean, formerly known as Daewoo Shipbuildin

about 3 years ago

Business Developments & Projects

Headway made in Bonn but all hopes rest on COP28’s shoulders to tackle emission reduction challenges

The Bonn Climate Change Conference helped lay the groundwork for the political decisions required at COP28 in Dubai at the end of the year.

about 3 years ago

Vito platform in the U.S. Gulf of Mexico; Credit: Shell

Business Developments & Projects

Oil & gas with LNG as centrepiece getting a $40 billion slice of Shell’s investment pie

Shell has unveiled plans to spend around $40 billion in its Integrated Gas and Upstream businesses, as it believes that oil and gas will remain important players on the energy stage.

about 3 years ago

Illustration; Source: International Energy Agency (IEA)

Business Developments & Projects

With peak oil demand in sight, is the end of the black gold era really approaching?

The International Energy Agency (IEA) believes that growth in global oil demand is projected to slow down to a crawl by 2028.

about 3 years ago

Business Developments & Projects

SEA-LNG: LNG has half the lifetime cost of methanol and ammonia

The lifetime fuel costs of meeting key European decarbonisation targets for shipping through the LNG pathway are expected to be roughly half that of the methanol or ammonia pathways, according to the findings of a new analysis from the SEA-LNG coalition. The multi-sector coalition promotes the comme

about 3 years ago

Business Developments & Projects

UNDP urged to ensure ‘clean and safe recycling’ of decaying FSO offshore Yemen

Human rights and environmental non-governmental organizations (NGOs) are urging UNDP to ensure the clean and safe recycling of the decaying floating storage and offloading (FSO) vessel Safer, moored offshore Yemen, that is threatening to cause a massive oil spill. In a letter addressed to UNDP, the

about 3 years ago

Business Developments & Projects

Saudi oil & gas giant taps Weatherford for drilling services

Weatherford International has secured a long-term contract with Saudi Arabia’s Aramco for the provision of drilling services.

about 3 years ago

Business Developments & Projects

Qatari NFS project to utilise Air Products LNG technology and equipment

US LNG technology company Air Products has secured a contract to provide its proprietary AP-X LNG process technology and equipment to Qatargas for the North Field South (NFS) project in Ras Laffan. Under the contract, Air Products will supply two new LNG process trains, adding to the four trains cur

about 3 years ago

Business Developments & Projects

EEC expresses interest in recycling FSO Safer as salvage operation moves forward

Netherlands-based Elegant Exit Company (EEC), which specializes in the sustainable recycling of veteran ships by converting them into green steel, has voiced interest in recycling FSO Safer. The rapidly decaying supertanker is at the center of a United Nations-led mission worth over $100 million to

about 3 years ago

Business Developments & Projects

Huge potential puts Oman on track to become sixth-largest hydrogen exporter by 2030

In a first-of-its-kind report, International Energy Agency (IEA) has presented how rich renewable resources and vast land expanses could make Oman a competitive low-emissions hydrogen supplier by 2030. The report called Renewable Hydrogen from Oman: A Producer Economy in Transition is the first IEA

about 3 years ago